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What types of supplemental insurance do people need?

Question by shamu38: What types of supplemental insurance do people need?
I am talking about things like aflac, stuff for critical illness etc. I know you need basic medical insurance and some dental and vision insurance but what kinds of other stuff do you need. Also does someone who is single need life insurance?

Best answer:

Answer by mbrcatz
You’re looking at it entirely BACKWARDS.

Insurance is a financial tool. You don’t look at the tools, and then decide which ones to buy. You define the job, that you want the tool to DO for you.

Insurance is only one type of financial tool. If you don’t have a specific job you want that tool to perform, don’t buy the tool. That usually includes life insurance for single people with no kids or other type of dependents.

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